Roland Pritchett, one of Morgan Stanley's top producers out of its Atlanta branch, has moved to UBS across town. Pritchett, who had been working for Morgan's private wealth group, is a $2.5 million producer with assets under management topping $380 million.
H&R Block Financial Advisors has added two more names to its register. Douglas Aldridge has joined the firm as a senior vice president and national sales director. He was most recently president of IJL Wachovia. He will be in charge of overall field strategy. Also arriving from Wachovia is James Patton, a new vice president of investments in the firm's Woodland Hills, Calif., office.
Ned Kennedy left Banc of America Securities to run the Midwest office of Deutsche Bank Securities in Chicago. He was a producer for BofA and will be the branch manager for the Midwestern segment.
Lincoln Financial Distributors has hired two new divisional sales managers. James Bonanno, a former annuities wholesaler, and Jeffrey Churba, another former annuities expert, will take over as western divisional sales manager and eastern divisional sales manager, respectively.
Greenfield Seitz Capital Management's two founding members, Yancey Seitz and Stuart Greenfield, have moved their firm to Raymond James & Associates. The firm is based in Dallas.
Merrill Lynch has added Lenny Roth to its private bank and investment group. He had been a financial advisor at Bernstein with $1.2 million in production. He will report directly to Jennifer Povlitz, director of Merrill's private wealth center, developing private banking among affluent investors.
Stephen Cutler, who presided over the SEC's Enforcement Division during four of the most litigious and scandal-ridden years in the industry's history, is leaving the regulatory agency to join the private sector. Since taking over in October 2001, Cutler has been at the forefront of many of the SEC's actions against Enron, WorldCom and Tyco, among others. The SEC gave no indication of his future plans, but when other regulatory figures have entered the private sector, they have become advisors to firms on compliance issues, most notably former Spitzer aide Eric Dinallo, who took a complaince position at Morgan Stanley.